About INFN i know a little ( am invested for longer term), about JNPR not so much, but for me personally:) if INFN can recover after still possible "lower higher low" (on its own chart, nor this ratio), then i would again be in market bull camp. grooveshark.com
On daily chart minor waves can be seen.
Both are falling this year but longer term bonds much faster, so this ratio is rising. For 5 weeks now they can not decide where to go. Some important fib levels & possible EW count. Green trend line from 2012 high should better hold for market bulls.
S&P vs. EURO STOXX 50 ratio in the middle: could stay longer in the box if ES50 start to rise faster than S&P - in this way both markets could still go up. False grooveshark.com someone???:)
EURO STOXX 50 & its VIX in the upper part of the chart. Italy & Spain (two biggest "PIIGS" economies). ALL indices are near meaningful supports and it seems that all are in some kind of 4th wave. In 2003-2007 bull market Europe was much stronger than USA: now it is very much on Europe if this new bull market can last longer.
In no mans land - Waiting for Godot:) Losing correlation with EURUSD. Could go either way. This will soon pass: grooveshark.com next week (from AAII investors update): We will get an early glance on at fourth-quarter earnings as 15 S&P 500 member companies are scheduled to report. Included in this group are FedEx Corp. (FDX) and Oracle Corp. (ORCL) on Wednesday;...
Probably little lower and then catching up with german DAX - this also means that markets will have some upside correction after new low.
Lower ratio with EURUSD can help to recognize short term moves.
Good chances that it will get ugly for S&P if it loses 1.618 extension on this ratio chart- next support middle bollinger lines & extension 1.
Strong MACD divergence & channel support. Gold & silver mining company founded 1928. Look also at monthly chart.